With Mario Draghi halfway out of the door, the battle is on for the future direction of European Central Bank (ECB) monetary policy. The nature of the contest is arcane, to say the least. For a while now, the Banque de France governor Francois Villeroy de Galhau has been pushing the idea of “tiering” deposit rates to ease the pain ...

The European travel operator Tui AG was so proud of its fleet of 15 shiny new Boeing 737 Max jets that it’s been naming them after popular holiday destinations: Costa del Sol, Rhodes and Tenerife Alegria are among those christened since deliveries started last year. Tui was expecting to take delivery of another eight 737 Max aircraft by the end ...

Surely never in the history of British politics has so much effort been expended to so little effect. Another week of frantic Brexit drama yielded no change in the choices facing the UK, and brought the country no closer to deciding. It’s still either leave the European Union with no deal, accept the withdrawal agreement Prime Minister Theresa May has ...

March 29 was meant to be the day that Britain officially left the European Union (EU). It was instead the day lawmakers rejected Theresa May’s exit deal for a third time, plunging the country deeper into crisis. It marked the ninth consecutive “no” vote this week, after MPs rejected eight ways forward. In the end, May summed it up best: ...

For all the hullabaloo about Western nations banning network equipment made by Huawei Technologies Co., the importance of that business to the Chinese company is decreasing. Sales to phone carriers slipped to 41 percent of total revenue last year, according to Huawei’s annual report. That’s the lowest portion on record. Revenue from consumer products, notably smartphones, climbed 47 percent to ...

Apple’s News+ service makes a a grab for the news junkie’s Holy Grail: a universal subscription to get behind all paywalls, the Spotify (OK, OK, the Apple Music) of journalism. So far, Apple doesn’t have it right. That would take a much more creative effort than the company may be capable of achieving. Compared with creating a universal subscription for ...

Bloomberg Indian markets have staged an eye-catching comeback in March after taking a drubbing in the first two months of the year, and bulls are salivating at the prospect of more gains. Foreign investors who shunned rupee bonds and stocks in the wake of border skirmishes with Pakistan have returned as tensions eased, with inflows eclipsing those for closely-watched emerging-market ...

Bloomberg Ghana’s stocks are the worst-performers globally in the first quarter after a sell-off by foreign investors hobbled the local currency and demand from local institutional investors dried up. The Ghana Stock Exchange Composite Index has lost more than 14 percent this year, making it the laggard in dollar terms among 94 global equities benchmarks tracked by Bloomberg. The index ...

Bloomberg The European Central Bank would need a clear monetary-policy reason to consider acting to mitigate the effects of negative interest rates on banks, Governing Council member Klaas Knot was quoted as saying. “There must at least be some evidence that negative rates are disrupting the impact of monetary policy through their effect on bank profitability,” Knot, who is the ...

Bloomberg The defeat of Theresa May’s stripped-down divorce agreement with the EU means a softer and longer Brexit process is now more likely, according to Goldman Sachs. While there’s still time for London and Brussels to renegotiate the exit deal before the next “cliff-edge” on April 12, the timing of the ratification of a modified pact are now skewed towards ...